To buy a home from TOKİ, certain conditions must be met. Established to help low- and middle-income households become homeowners, the Mass Housing Administration of Turkey (TOKİ) offers housing projects with different payment plans to make ownership attainable. How do you buy a home from TOKİ and what are the requirements? The key details are summarized below.
What is TOKİ?
TOKİ (Toplu Konut İdaresi Başkanlığı) was founded under the social state principle of the Republic of Turkey to provide affordable housing to citizens with limited income. By building reasonably priced and quality homes, TOKİ aims to make home ownership easier for those who need financial support.
How to Buy a Home from TOKİ
To buy a TOKİ property you should first follow TOKİ’s current projects and application requirements. New projects and application dates are announced on TOKİ’s official website and, in some cases, via the e-Devlet platform.
What to Do if You Are Selected in the Draw
If you are selected for a project that fits your needs, apply within the announced application period with the required documents.
Process details are as follows:
- Check the draw results on e-Devlet to see if you were selected as a primary or reserve candidate.
- Those assigned a specific dwelling via the allocation draw will sign the contract at the bank on the dates set by TOKİ.
- For details on down payment and installment amounts, consult TOKİ’s official website.
- If the property is offered by auction, you must submit bids at the place or online at the times announced by TOKİ.
Who Can Buy a House from TOKİ?
There are general eligibility rules to purchase a TOKİ home. These typically include being a Turkish citizen, having an income below a designated threshold, and not having previously purchased a TOKİ property.
How to Apply for a TOKİ Home
Applications are usually submitted via TOKİ’s official website or through e-Devlet. Complete the application form and submit the required documents to finalize your application.
Documents Required for a TOKİ Application
When applying, you will generally need to provide:
- A photocopy of your identity card,
- An income statement,
- Any additional supporting documents, if applicable.
Conditions to Buy a Home from TOKİ
Conditions vary by project and target group, but commonly include being below a certain income level, not owning any other residence, and residing in or being registered to the province where the project is located.
General eligibility criteria include:
- The applicant must be a citizen of the Republic of Turkey.
- The applicant must have lived in the province or district where the project is located for at least one year, or be registered in that province’s population registry.
- The applicant must not have previously purchased a TOKİ home or used a housing loan through TOKİ.
- The applicant, spouse and/or dependent children must not hold title to an independent unit or detached house in their name.
- The applicant must be at least 25 years old at the time of application. The age requirement is waived for widowed women with children.
- Household monthly income must be below the defined poverty threshold for the project.
- Only one application is allowed per household.
Does TOKİ Provide Home Loans?
Yes. TOKİ offers housing loan options, typically with favorable interest rates and long-term repayment plans designed to be affordable for low- and middle-income buyers.
Do TOKİ Installments Increase Every Year?
Installments are adjusted annually based on revaluation rates. For 2024, the applied increase rate was 17.55%.
What If I Can’t Pay My TOKİ Installment?
If you have difficulty making payments, contact TOKİ to request a revision to your payment schedule or explore alternative solutions they may offer.
Is Cash Payment Available for TOKİ Homes?
Yes, many TOKİ projects offer a cash payment option. Cash payments often receive a discount compared to installment plans.
How Long Before a TOKİ Home Can Be Resold?
TOKİ homes are generally restricted from resale for a certain period, which varies by project but is commonly between 5 and 10 years.
In Which Provinces Does TOKİ Build?
TOKİ develops projects across Turkey and constructs homes in many provinces. New projects continue to be launched in multiple regions each year.